ANALYST VIEW - Target price for Hungary's Mol lowered, 'Buy' rating maintained
According to the new forecast, Mol's share price could rise to HUF 3,087 in a year's time.
This represents an upside potential of 16% compared to the current share price, on the basis of which PKO maintained its 'Buy' recommendation.
Mol shares have recently been the focus of attention for several analysts. In addition to PKO, three other investment providers have reviewed their outlook on the Hungarian blue chip.
Czechia's Wood & Company reiterated its target price of HUF 3,810 and its 'Buy' rating, while Poland's mBank was even more optimistic, raising its TP to HUF 3,996 from HUF 3,825. In contrast, Biuro Maklerskie Pekao took a more cautious stance, lowering its fair price estimate to HUF 2,813 from HUF 3,015 with a 'Hold' recommendation.
According to LSEG's database, the average target price for Mol shares is currently HUF 3,293, 24% higher than Monday's closing price of HUF 2,656.
This positive outlook is also reflected in the distribution of analyst recommendations: seven out of 10 analysts following the company have a 'Buy', two a 'Hold', and only one a 'Sell' tag on Mol.
